Thanks to Offshoring, China's economy has grown 10% at the expense of OUR ECONOMY

[shoulderblade]

tidbit

Read some where that the Chinese GDP per capita was #110 in the world (not good).

 

[~hellbaby~]

Read some where that the Chinese GDP per capita was #110 in the world (not good).

The per capita GDP of Beijing reached 44,969 yuan, or US$5,457 last year, a rise of 8.1 percent year on year, according to local statistics bureau.
Beijing's 2004 per capita GDP ranked the tenth in the country and the ranking would not change for last year, said Yu Xiuqin, deputy head of the Beijing Municipal Statistics Bureau.
The statistics show that Beijing's per capita disposable income was 17,653 yuan (more than US$2,200) for urban residents last year, the Beijing News reported on Monday. The per capita disposable income for the 20 percent of low-income residents rose by 15.9 percent year-on-year, 4.7 percentage points higher than that of the 20 percent of high-income residents.
Beijing's consumption of energy resources last year equaled to 55 million tons of standard coal, and the energy consumption per 10,000 yuan of GDP equaled to 0.81 ton of standard coal last year, down by 3.9 percent year-on-year.
(Xinhua News Agency January 23, 2006)
With the revised 2004 GDP figure, China became the world’s sixth largest economy, surpassing Italy, while behind the U.S., Japan, Germany, the U.K., and France. The composition of China’s economy has also changed with the share of the service sector increasing from 31.9% to 40.7% of GDP; the industrial sector’s share decreasing from 52.8% to 46.2% of GDP and the primary sector’s share shrinking from 15.3% to 13.1%.
http://chinastockblog.com/article/5338

​

 

[shoulderblade]

thanks hellbaby

For data and sources. I think that economic growth in China is limited to certain cities and districts leaving hundreds of millions either displaced or still living a feudal lifestyle. A rather large puzzle to put together.

 

[landslider2000]

I lived in Shanghai for several years. It isn't growing, but exploding. And it is a dump (traffic, air pollution, water pollution).

But it isn't the U.S. economy v. China's. Globalism, baby.

 

[captain snakebite]

The present employment rate in the US is a hair under 5, which most economists think tantamount to full employment.

In many parts of Europe, unemployment runs double what it is in the U.S.

...which has got 'what' to do with China?

 

[captain snakebite]

Jobless? The unemployment rate in Las Vegas is 3.8 percent. At a rate that low, I suspect there are more jobs than people in one of the fastest-growing cities in the country.

Maybe so, but I think one of the points LT makes is that large lumps of the US economy are consumer based (probably few places more so that Vegas I would imagine), and consumer spending is founded in a shitload of consumer debt. When the debt gets called in consumer spending plummets. When consumer spending plummets, the consumer-fuelled ecomony goes bye-byes.

Then the dollar doesn't look so good as a reserve currency (just about the only thing maintaining deficit and national debt at the minute), so people start finding the Euro, the Yen, or maybe even the Yuan a more promising alternative.

Not encouraging really.

At least someone in the Department of the Treasury has got the right idea...

http://www.publicdebt.treas.gov/opd/opdfaq.htm#opdfaq42

 

[Le Jacquelope]

Quite possibly you're the only person here who believes that.

What you believe is irrelevant.

The Bureau of Labor Statistics says I am right and that pretty much ends the debate unless you can post up proof that backs you up.
http://www.bls.gov/news.release/empsit.t12.htm

 

[Le Jacquelope]

Debunked? It is a fact Las Vegas has an unemployment rate of 3.8 percent. It is a fact Las Vegas is one of the fastest, if not fastest growing, cities in the country.
I hate to break the news to you, but people aren't flocking to Las Vegas in order to work for minimum wage.
You answer facts with folklore about engineers working at McDonald's - you know, obsolete bullshit.
You lose - again.

And with this, I slay your pathetic, worthless argument dead where it stands:

http://releases.usnewswire.com/GetRelease.asp?id=26834
FACT: Lots of engineers out there really don't have jobs. 6.2% of them, in fact.

Now, bitch, what do you have to say for yourself?

 

[Le Jacquelope]

It looks like you have it figured out.

LT knows nothing about business in general.

Slowbrain, everything you have said about business and economics on this board has been refuted several times over.

Every time you talk to your circle jerk buddies Ham Murabi and Gringao in public about what you know about business, you look like a complete idiot in front of the rest of the world. These people are all you have left; the rest of us have absolutely buried you ostriches in facts that contradict your narrow minded and completely disproven points of view, and you guys all have a habit of fleeing from debates because of it.

 

[Le Jacquelope]

I have owned my own business for nearly twenty years.

What business? Ditch digging?

Your theories about economics are completely disproven. You're getting your ass stomped right here about China.


I have completely cornered and silenced you about the dangers of China taking our technology and competing against us. I've silenced you about a lot of shit where I've found gaping holes in your knowledge about economics.

 

[Ham Murabi]

And with this, I slay your pathetic, worthless argument dead where it stands:

http://releases.usnewswire.com/GetRelease.asp?id=26834
FACT: Lots of engineers out there really don't have jobs. 6.2% of them, in fact.

Now, bitch, what do you have to say for yourself?

6.2 percent! Wow. I missed it, but where is the information regarding those engineers and how many of them work at McDonald's.
Any chance some of these engineers are fuckups who can't be trusted to take out the trash?
But why am I talking to you? You've had your hat handed to you. You've lost. You even had to create another alt to come to your defense because no one else would.
It's time to create another "the sky is falling thread" so we can kick your ass again.
Loser.

 

[Le Jacquelope]

6.2 percent! Wow. I missed it, but where is the information regarding those engineers and how many of them work at McDonald's.

They don't have any jobs, period, moron.

Any chance some of these engineers are fuckups who can't be trusted to take out the trash?
But why am I talking to you? You've had your hat handed to you. You've lost. You even had to create another alt to come to your defense because no one else would.
It's time to create another "the sky is falling thread" so we can kick your ass again.
Loser.

Ham hocks, spare me your victory speech. I showed you proof of engineers being out of work. You can't prove those engineers are incompetent. You're nothing but an ostrich getting ground up into meat.

And I don't fucking make alts to come to my defense. You're just getting your ass slapped around by a girl and you can't handle it.

I've stomped you and your buddies every time you've crossed me in these threads, I've always had the facts and you've never had anything but bluster. When was the last time you posted any documentation to support your claim? You haven't.

Now go stick your head back in the sand so you won't see my foot going up your ass. Moron.

 

[Le Jacquelope]

Even the Wall Street Journal says Ham Murabi is an idiot



http://www.rediff.com/money/2004/jan/30us.htm

India, China can rival US economy: WSJ

January 30, 2004 09:09 IST
Last Updated: January 30, 2004 09:19 IST

India and China has the capacity to emerge as new rivals to the US economy in the coming decades, an influential US daily has said.

"The rapid growth of China and India, eager participants in the US-dominated global economy, could eventually yield rivals to American economic might," the Wall Street Journal said in a frontpage article.

"America's open economic system creates a boundless thirst for imported goods, oil and capital from places such as China and Saudi Arabia - habits that improve many Americans' lives in the short term but also pose long-term threat.

"The US is now "pre-eminent" among nations, spending more on arms than Europe, China and Russia together.

"Its economy is twice as big as that of Japan, its closest rival country. The US no longer has reason to tremble before such threats as a menacing Soviet Union or a Japanese economic juggernaut," the daily said.

"Yet, it added, the US is a "much-frustrated giant."

"The Chinese balk at its trade prescriptions. Economically hapless North Korea thumbs its nose over nuclear weapons and goes about its business of selling missiles. Violent guerrillas resist the US in Afghanistan and Iraq, while vast numbers of ordinary Muslims around the world doubt America's goodwill towards them.
"Even among traditional allies in Europe, US policies often alienate rather than inspire," the daily said.

 

[human_male]

You should just attack them now. War between the two is inevitable. They're on the way up and America is on the way down. If you did it now and won, you'd get rid of your only real rival.

 

[Slowlane]

Slowbrain, everything you have said about business and economics on this board has been refuted several times over.

Sure, sure.

 

[Slowlane]

What business? Ditch digging?

Your theories about economics are completely disproven. You're getting your ass stomped right here about China.


I have completely cornered and silenced you about the dangers of China taking our technology and competing against us. I've silenced you about a lot of shit where I've found gaping holes in your knowledge about economics.

Brilliant, just brilliant, LT. I haven’t said anything about the Chinese economy – or there technology – or it’s effect on the US.

There is no point – you wouldn’t understand it anyway.


Oh, and the ditch Digging remark - business is business - that is one of the things you don't understand.

 

[garbage can]

Here's a hint: When you MANUFACTURE and EXPORT goods, you are on the rise. When you are exporting jobs and IMPORTING goods more than you are MANUFACTURING GOODS... you are declining.

We export technology, and will continue to do so.

Our reward for exporting technology, is buying 32 inch TV's for $250.00

Get with the program...........

 

[unregistered]

 

[garbage can]

He forgets the consumer and his well being...you didn't.

Yeah, and everything in his house is made in China...........

A real patriot.

 

[unregistered]

 

[landslider2000]

My remarks (supra) re US unemployment were germane because the very title of this thread sets forth a comparison between the US economy and China's.

Has China's economy grown at the expense of America's? That is the topic.

The Chinese economy is roaring. But the US economy is in great shape as well. Unemployment here is half what it is in many parts of the EU. GDP growth is running about 4.

Ergo, the premise of the thread...

 

[Le Jacquelope]

Unemployment here is half what it is in many parts of the EU.

Once again, that is an untrue statement.
The proof is here: http://www.bls.gov/news.release/empsit.t12.htm

 

[Le Jacquelope]

We export technology, and will continue to do so.

Our reward for exporting technology, is buying 32 inch TV's for $250.00

Get with the program...........

Once again, when you find that foreign countries are stealing your technology and are producing the same TV for $60, you find yourself sympathizing with Cisco and Chevrolet who are victims of that very problem.

Why is it that pointing this out leads to you guys fleeing or changing the subject?

 

[Le Jacquelope]

We have to able to change if we want to maintain our standard of living.

There is no way possible to maintain our standard of living when high tech jobs go overseas.

There is nothing higher on the food chain past high tech jobs.

We cannot support fossil industry for it's own sake. Obsolete skills need to be upgraded, education and renewal is a constant factor in economic progress. Sure some people will lose their jobs but others will get new jobs and new skills in order to compete.

What new jobs?

That's the question you guys have never been able to answer ever since biotech jobs started going overseas.

If say, steel mills are closed here because they cannot compete with foreign steel prices that means we can buy it cheaper there and manufacture products for less and pass the savings on to the consumer. The consumer benefits because he pays less and has surplus funds to spend elsewhere. Fairly simple Adam Smith, everything balances out.

You forgot the other part of the equation: the consumer has no job now, and they can't buy anything.

Which is why consumer debt is skyrocketing - people can't buy things now, so they rely on debt.

That debt can't go on ballooning forever.

This shows how little you really know about economics. Please, get your GED first, then come back and discuss this.

 

[Le Jacquelope]

Brilliant, just brilliant, LT. I haven’t said anything about the Chinese economy – or there technology – or it’s effect on the US.

That's because you have nothing to say. This subject matter is far beyond you.

You don't know anything about economics. Not a god damned thing. All you have ever done is talk about theories that you don't even understand, and which are outdated, disproven and not even marginally useful any more.

China is taking our offshored technology and using it to compete against us in our own market. There are waves and waves of counterfeit goods coming out of there and a lot of it is being made at the same factories that produce legit goods.

But again, you are so unbelievably stupid that you don't even understand what that means.

I bring up the issue of consumer debt being a major part of the so-called "growth" and it goes right over your head. Counterfeit goods? Goes right over your head. Everything beyond ant's piss goes right over your head.